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The three major U.S. stock index futures opened more than 1% higher, with Nasdaq futures up 1.5% and S&P 500 futures up 1.4%.Conflict situation: 1. Russian emergency department: Ukrainian army launched 41 artillery attacks on Kherson Oblast. 2. Russian Ministry of Defense: With the end of the ceasefire, the Russian army will continue "special military operations". 3. Russian Ministry of Defense: Ukraine has violated the ceasefire more than 14,000 times. During the ceasefire, the Ukrainian army made five attempts to break through the border in the Kursk and Belgorod regions. Peace talks: 1. Zelensky: Will "wait" for Putin in Turkey. 2. Trump: Putin wants to negotiate with Ukraine in Turkey. 3. Macron: Russias proposal for direct negotiations between Russia and Ukraine is "just the first step". 4. Turkish President: Supports Russia-Ukraine peace talks, Turkey is willing to provide full support. 5. Kremlin adviser: Russian President Putin proposed that the peace talks held in Turkey will take into account the actual situation and the negotiations in 2022. Other situations: 1. Germany will no longer publish details of its military support for Ukraine. 2. Macron said that France and Britain are discussing with Ukraine "deploying European troops in Ukraine." 3. US President Trump: I will continue to work with Russia and Ukraine to end the conflict.Iranian Foreign Minister: Talks are progressing.Iranian Foreign Minister: Talks with the United States are more serious than previous rounds. Now both sides have a better understanding of each others views.Omani Foreign Minister: The fifth round of nuclear talks between Iran and the United States will be held after both sides consult with their respective leadership.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Test New Highs

Cory Russell

Jan 18, 2023 16:09

Natural Gas

Natural gas settled near the $3.60 level as traders remained focused on weather forecasts. The current market consensus implies that weather will turn colder closer to the end of the month. However, it remains to be seen whether forecasts will provide additional support to natural gas markets in the near term as current demand for natural gas remains low.

WTI Oil

WTI oil tested new highs today as traders bet on rising demand from China. In its latest report, OPEC said that world demand will grow by 2.22 million bpd in 2023. However, this estimate could be revised as the fourth quarter of 2022 was stronger than expected.

Brent Oil

Brent oil has also enjoyed strong support in today’s trading session. While resistance near the $87 level remains strong, Brent oil will have a good chance to climb above this level if traders stay focused on rising demand from China.